Brazil decrees $8.2bln SWF rules

From Emii.com: Brazil has passed an executive decree formalizing rules for its $8.2 billion sovereign wealth fund, The Wall Street Journal reports. As per the rules, the fund’s overseas investments must yield a return equal to or greater than the six-month London interbank offered rate, or Libor.

Investments made in Brazil must yield the equivalent of Brazil’s TJLP long-term interest rate, currently at 6% annually…………………………………….Full Article: Source